The FDIC insures depositor's funds up to $250,000 at member banks under the same depositor's name.

Name: The FDIC insures depositor's funds up to $250,000 at member banks under the same depositor's name.
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The Federal Deposit Insurance Corporation (FDIC) insures individual depositor's funds up to $250,000 at member banks under the same depositor's name. This provides protection for depositors against the loss of their insured deposits in the event that an FDIC-insured bank fails.

The FDIC Insures Depositor's Funds Up to $250,000 at Member